Abcourt Mines Inc V.ABI

Alternate Symbol(s): ABMBF

Metals & Mining Gold

Abcourt Mines Inc. is a Canadian gold exploration company with properties located in northwestern Quebec, Canada. The Company owns the Sleeping Giant mine and mill, where it focuses its development activities. The Sleeping Giant Property is located half-way between Amos and Matagami, in Abitibi, Quebec, in the territory covered by the Plan Nord of the Quebec government. It comprises four mining leases covering an area of approximately 458 hectares and 69 mining claims. The Elder mine and the Tagami property are located 10 kilometers (km) northwest of the mining community of Rouyn-Noranda in Quebec. The properties include over 36 contiguous claims, one mining concession and two mining leases. The Abcourt-Barvue property is located 12 km north of Barraute, 60 km north of the mining community of Val-d’Or, Quebec. It covers over 4,755 hectares with 103 claims and two mining concessions. Its properties also include Flordin, Pershing-Manitou, Vendome, Aldermac, Jonpol and other properties.

TSXV:ABI - Post by User

Abcourt Mines Inc

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Comment by fbedard29on Nov 17, 2020 1:30pm

161 Views

Post# 31915337

RE:No dilution=No progress

My opinion seem to change daily.
Today i would be against any share buyback and dividents.
Today i am remembering a comment from Mr Fillion from 5 years ago.
If we could finance a $30m to open Abcourt Barvue it could be repaid in a few years.
After that it would be pure profit.
Today i could imagine applying the same thought involving Discovery and Flordin.
I think now we have the future revenu potential to apply for a loan to start dewathering Abcourt Barvue and prepare for production in 2 years .
The same revenue potential could also apply to Discovery- Flordin.
I must still be dreaming but now i realize that it is a possibility if management takes a little more risk.

Fernand

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